Multiple Choice
In the ATM model of the demand for cash
A) the amount that an individual withdraws is an exogenous variable while the probability of theft or loss is an endogenous variable.
B) the amount that an individual withdraws is an endogenous variable while the probability of theft or loss is an exogenous variable.
C) both the amount that an individual withdraws and the probability of loss and theft are exogenous variables.
D) both the amount that an individual withdraws and the probability of loss and theft are endogenous variables.
Correct Answer:
Verified
Correct Answer:
Verified
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